Mortgages and Conservation Easements: Not a Good Mix
6 Pages Posted: 25 Jul 2011
Date Written: July 25, 2011
This article reviews Kaufman and the Tax Court’s reconsideration of its summary judgment decision that rejected the taxpayers’ deduction for a facade easement charitable deduction. The issues newly considered are the deductibility of the taxpayers’ required cash payments to the charity in connection with obtaining a facade easement charitable deduction and the application of various penalties.
Keywords: charitable deduction, conservation easement, facade easement, income tax, tax penalties, Kaufman
JEL Classification: D64, H24, K34
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